PMC Commercial Trust (NASDAQ:PMCT), a diversified real estate investment
trust (REIT), announced today that its Board of Trust Managers has
declared a cash dividend of $0.01 on each of its common shares and a
cash dividend of approximately $2.6 million in the aggregate on the
Class A Preferred Shares, which represents the stated rate of 2% of $35
per Class A Preferred Share. Each of these dividends will be paid on
March 28, 2014 to shareholders of record as of March 24, 2014 and
represents PMC’s dividend for the period from the date of PMC merger on
March 11, 2014 to March 31, 2014.

ABOUT PMC COMMERCIAL TRUST

PMC Commercial Trust is a diversified real estate investment trust
(REIT), which derives value through its stabilized real estate holdings
and real estate lending platform. The company’s stabilized real estate
and real estate-related assets are located in high density, high
barrier-to-entry urban markets in the U.S. such as New York City, the
Washington, D.C. metro area, Los Angeles, and the San Francisco Bay
Area. The manager of PMC, CIM Group, is comprised of a seasoned team of
real estate and investment professionals with extensive expertise
including in-house research, acquisition, investment, development,
finance, leasing, and asset management capabilities. In addition, PMC
operates a real estate lending platform, which includes originating and
servicing loans under the U.S. Small Business Administration 7(a)
Guaranteed Loan Program as well as conventional loans.

FORWARD-LOOKING STATEMENTS

The information set forth herein contains “forward-looking statements.”
You can identify these statements by the fact that they do not relate
strictly to historical or current facts or discuss the business and
affairs of PMC on a prospective basis. Further, statements that include
words such as “may,” “will,” “project,” “might,” “expect,” “believe,”
“anticipate,” “intend,” “could,” “would,” “estimate,” “continue”
“pursue,” or “should” or the negative or other words or expressions of
similar meaning, may identify forward-looking statements.

PMC bases these forward-looking statements on particular assumptions
that it has made in light of its experience, as well as its perception
of expected future developments and other factors that it believes are
appropriate under the circumstances. The forward-looking statements are
necessarily estimates reflecting the judgment of PMC and involve a
number of risks and uncertainties that could cause actual results to
differ materially from those suggested by the forward-looking
statements. These forward-looking statements are subject to risks,
uncertainties and other factors, including those set forth in the
definitive proxy statement / prospectus of PMC dated December 30, 2013
under the heading “Risk Factors”, the supplement to proxy statement/
prospectus of PMC dated January 31, 2014 under the heading “Update to
Risk Factors” and other risks detailed in PMC’s filings with the SEC,
including but not limited to PMC’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2013.

As you read and consider the information herein, you are cautioned to
not place undue reliance on these forward-looking statements. These
statements are not guarantees of performance or results and speak only
as of the date hereof. These forward-looking statements involve risks,
uncertainties and assumptions. In light of these risks and
uncertainties, there can be no assurance that the results and events
contemplated by the forward-looking statements contained herein will in
fact transpire. New factors emerge from time to time, and it is not
possible for PMC to predict all of them. Nor can PMC assess the impact
of each such factor or the extent to which any factor, or combination of
factors may cause results to differ materially from those contained in
any forward-looking statement. PMC undertakes no obligation to publicly
update or release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events, except as required by law.